Chatham Mortgage
Information, Statisitics & Reports
Information, Statisitics & Reports
Have an idea or suggestion on improving the Chatham mortgage stats page, please send us an e-mail.
| Year | Year to Year Comparison | ** National Contribution |
|---|---|---|
| 2008: | * 9.33% | * 0.02% |
| 2007: | 16.00% | 0.04% |
| 2006: | 28.00% | 0.07% |
| 2005: | 13.33% | 0.03% |
| 2004: | 16.00% | 0.04% |
| 2003: | 12.00% | 0.03% |
| 2002: | 5.33% | 0.01% |
This bar graph shows the volumes of mortgage applications received by CanEquity in each month for all years combined. The busiest months for mortgages from Chatham mostly occur during our first quarter (represented by the brown bars) with 41.33% while our slowest is the fourth quarter (represented by the red bars) with 14.67%.
| Rank | Month | Percentage of Inquiries | |
|---|---|---|---|
| 1: | February: | 21.3% | |
| 2: | April: | 12.0% | |
| 3: | July: | 10.7% | |
| 4: | March: | 10.7% | |
| 5: | January: | 9.3% | |
| 6: | December: | 6.7% | |
| 7: | August: | 6.7% | |
| 8: | June: | 5.3% | |
| 9: | September: | 5.3% | |
| 10: | November: | 4.0% | |
| 11: | May: | 4.0% | |
| 12: | October: | 4.0% |
The bar graph listed below displays the busy days for mortgage inquiries that were received by our web site. A combined total of all occurrences of each day are represented for the past 5 years. In Chatham the busiest day of the week, with 21.33% of all submissions, is Thursday. In comparison, Friday's are the slowest day with only 9.33% of all inquiries.
| Rank | Day of the Week | Percentage of Inquiries | |
|---|---|---|---|
| 1: | Thursday: | 21.3% | |
| 2: | Monday: | 18.7% | |
| 3: | Tuesday: | 14.7% | |
| 4: | Wednesday: | 13.3% | |
| 5: | Saturday: | 12.0% | |
| 6: | Sunday: | 10.7% | |
| 7: | Friday: | 9.3% |
In Chatham, mortgages are received 24 hours a day on the CanEquity web site. The information shown below indicates the rush hours in the day. The data is taken from all days of all years. Only 34.7% of all mortgages are received during the morning, while 65.3% arrive in the afternoon.
| Time Period (24 Hour) | Percentage of Inquiries |
|---|---|
| 03:00 to 03:59: | 1.3% |
| 05:00 to 05:59: | 4.0% |
| 06:00 to 06:59: | 4.0% |
| 07:00 to 07:59: | 1.3% |
| 08:00 to 08:59: | 4.0% |
| 09:00 to 09:59: | 6.7% |
| 10:00 to 10:59: | 5.3% |
| 11:00 to 11:59: | 8.0% |
| 12:00 to 12:59: | 6.7% |
| 13:00 to 13:59: | 4.0% |
| 14:00 to 14:59: | 12.0% |
| 15:00 to 15:59: | 6.7% |
| 16:00 to 16:59: | 2.7% |
| 17:00 to 17:59: | 5.3% |
| 18:00 to 18:59: | 4.0% |
| 19:00 to 19:59: | 8.0% |
| 20:00 to 20:59: | 2.7% |
| 21:00 to 21:59: | 9.3% |
| 22:00 to 22:59: | 2.7% |
| 23:00 to 23:59: | 1.3% |
| Online Mortgage Origination for the Province of | Percentage of applications |
|---|---|
| Alberta: | 21.01% |
| British Columbia: | 11.48% |
| Manitoba: | 2.11% |
| New Brunswick: | 2.02% |
| Newfoundland and Labrador: | 1.14% |
| Nova Scotia: | 2.78% |
| Northwest Territories: | 0.30% |
| Nunavut: | 0.08% |
| Ontario: | 48.62% |
| Prince Edward Island: | 0.35% |
| Quebec: | 3.80% |
| Saskatchewan: | 5.59% |
| Yukon Territories: | 0.21% |
| Location | Contribution | |
|---|---|---|
| 036: | BELLEVILLE, ON | 0.268% |
| 037: | CORNWALL, ON | 0.265% |
| 038: | ORLEANS, ON | 0.262% |
| 039: | THORNHILL, ON | 0.262% |
| 040: | WELLAND, ON | 0.258% |
| 041: | CHATHAM, ON | 0.248% |
| 042: | KANATA, ON | 0.248% |
| 043: | NORTH BAY, ON | 0.242% |
| 044: | MILTON, ON | 0.238% |
| 045: | WOODBRIDGE, ON | 0.235% |
| 046: | STONEY CREEK, ON | 0.225% |
| 1 | Charing Cross, Ontario |
| 2 | Blenheim, Ontario |
| 3 | Ridgetown, Ontario |
| 4 | Tilbury, Ontario |
| 5 | Merlin, Ontario |
| 6 | Bothwell, Ontario |
| 7 | Wallaceburg, Ontario |
| 8 | Dresden, Ontario |
| 9 | Belle River, Ontario |
| 10 | Cottam, Ontario |
| 11 | Tecumseh, Ontario |
| 12 | Oil Springs, Ontario |
| 13 | Algonac, Ontario |
| 14 | Wheatley, Ontario |
| 15 | Thamesville, Ontario |
| Mortgage Application Form Type | Percentage of Inquiries | |
|---|---|---|
| First-time Buyer: | 22.7% | |
| No Money Down: | 21.3% | |
| Refinance: | 20.0% | |
| Qualification: | 16.0% | |
| Renewal: | 8.0% | |
| Purchase: | 6.7% | |
| Commercial: | 2.7% | |
| Low Doc: | 1.3% | |
| Equity Mortgage: | 1.3% | |
| Total Application Types Found: 9 | ||
Average age: 36
Oldest age: 69
Youngest age: 19
The amounts below are the average income of people living in Chatham who have applied for a home loan using the pre-approval application on CanEquity's web site.
| Average annual gross income for | |
|---|---|
| mortgage applicants in Chatham: | $46,595.97 |
| applicants within all of Canada: | $56,384.30 |
| Difference: | ($9,788.33) |
| mortgage co-applicants in Chatham: | $38,900.58 |
| co-applicants within all of Canada: | $39,375.53 |
| Difference: | ($474.96) |
The information below represents the residential status of people living in Chatham who have applied for a mortgage loan using CanEquity's online mortgage application.
| Residential Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Rent: | 41.3% | |
| Own: | 45.3% | |
| Other: | 4.0% | |
| No Comment: | 4.0% | |
| Live with parents: | 5.3% |
The following pie chart represents the marital status of applicants from Chatham, Ontario using the preapproval application located at canequity.com. In Chatham, approximately 60% of the mortgage applicants are living together with someone, while only 40% are not married or separated.
| Marital Status of Mortgage Applicant | Percentage of Inquiries | |
|---|---|---|
| Married: | 37.3% | |
| Single: | 26.7% | |
| Common-law: | 22.7% | |
| Separated: | 8.0% | |
| Divorced: | 5.3% |
